Sen. Blumenthal Demands Tether Records Over Payments to Ex-White House Crypto Adviser’s Firm

Sen. Richard Blumenthal is demanding records from Tether over reported multimillion-dollar payments to a consulting firm co-founded by Bo Hines, the White House’s former top crypto adviser. Blumenthal, the ranking Democrat on the Senate Permanent Subcommittee on Investigations, said Thursday he had sent letters to Tether CEO Paolo Ardoino and to Nxum, the consulting firm Hines started with his father, in a press release from his office . The letters request records and information related to contracts, payments, communications and lobbying between Tether and Nxum. A third letter reportedly went to Hines himself.